MONTREAL, April 29, 2015 /CNW Telbec/ - Landry Investment Management Inc. ("Landry Management"), the investment fund manager of the Landry Canadian Equity Fund, the Landry Global Equity Fund, the Landry U.S. Equity Fund and the Landry Canadian Dividend Plus Fund (together, the "Funds"), announces that it has filed revised versions of the Fund's annual management report of fund performance (together, the "MRFPs") for the year ended December 31, 2014. The MRFPs have been amended to reflect the year-by-year returns as presented in the fund facts filed on April 27, 2015 in connection with the renewal of the Funds' simplified prospectus.
The amendments to the year-by-year returns of the Funds made in the MRFPs are required to reflect more precisely the past year-by-year returns of the Class B and Class G units of the Landry Canadian Equity Fund, the Landry U.S. Equity Fund and the Landry Global Equity Fund before these units were redesignated into Class A and Class F units on April 8, 2013.
The tables on the following page contain a summary of the amendments made to the year-by-year returns in the MRFPs and in the Fund Facts of the Funds.
Landry Investment Management Inc.
Landry Investment Management is the manager of the Landry family of funds (formally the Landry Morin funds). The firm also offers discretionary portfolio management services to individuals and institutional investors.
| Summary of Amendments to the Fund Facts and Management Reports of Fund Performance |
||||||||
| Year-by-Year Returns - Fund Facts Dated April 17 2014 |
Year-by-Year Returns - Fund Facts Dated April 27 2015 |
|||||||
| Name of the Fund and Class of Units |
2012 |
2013 |
2014 |
2012 |
2013 |
2014 |
||
| Landry Canadian Equity Fund - Class A |
N/A |
14.87% |
N/A |
5.13%1 |
18.70%2 |
4.19% |
||
| Landry Canadian Equity Fund - Class F |
6.51% |
20.15% |
N/A |
5.96%3 |
19.97%4 |
5.57% |
||
| Landry U.S. Equity Fund - Class A |
N/A |
21.16% |
N/A |
28.74%5 |
29.31%6 |
7.13% |
||
| Landry U.S. Equity Fund - Class F |
30.29% |
32.88% |
N/A |
28.78%7 |
31.70%8 |
8.33% |
||
| Landry Global Equity Fund - Class A |
N/A |
16.42% |
N/A |
11.52%9 |
23.57%10 |
3.53% |
||
| Landry Global Equity Fund - Class F |
12.97% |
25.12% |
N/A |
12.41%11 |
24.94%12 |
4.78% |
||
| Landry Canadian Dividend Plus Fund - Class A |
N/A |
12.31% |
N/A |
N/A |
12.31% |
4.00% |
||
| Landry Canadian Dividend Plus Fund - Class F |
N/A |
17.01% |
N/A |
N/A |
17.01% |
5.26% |
||
| Year-by-Year Returns - MRFPs Dated March 31 2015 |
Year-by-Year Returns - MRFPs Dated April 27 2015 |
|||||||
| Name of the Fund and Class of Units |
2011 |
2012 |
2013 |
2014 |
2011 |
2012 |
2013 |
2014 |
| Landry Canadian Equity Fund - Class A |
N/A |
N/A |
N/A |
4.19% |
N/A |
5.13%1 |
18.70%2 |
4.19% |
| Landry Canadian Equity Fund - Class F |
-24.08%13 |
6.51% |
20.15% |
5.57% |
N/A |
5.96%3 |
19.97%4 |
5.57% |
| Landry U.S. Equity Fund - Class A |
N/A |
N/A |
N/A |
7.13% |
N/A |
28.74%5 |
29.31%6 |
7.13% |
| Landry U.S. Equity Fund - Class F |
-14.96%13 |
30.29% |
32.88% |
8.33% |
N/A |
28.78%7 |
31.70%8 |
8.33% |
| Landry Global Equity Fund - Class A |
N/A |
N/A |
N/A |
3.53% |
N/A |
11.52%9 |
23.57%10 |
3.53% |
| Landry Global Equity Fund - Class F |
-21.57%13 |
12.97% |
25.12% |
4.78% |
N/A |
12.41%11 |
24.94%12 |
4.78% |
| Landry Canadian Dividend Plus Fund - Class A |
N/A |
N/A |
N/A |
4.00% |
N/A |
N/A |
12.31% |
4.00% |
| Landry Canadian Dividend Plus Fund - Class F |
N/A |
10.91%14 |
17.01% |
5.26% |
N/A |
N/A |
17.01% |
5.26% |
1 The rate of return of the Class B units during the course of the year ending on December 31, 2012 were used to provide this rate of return.
2 This rate of return is higher than the rate presented in the Fund Fact dated April 17, 2014 and in the MRFPs filed March 31, 2015 due to the fact that the return of the Class B units from January 1, 2013 to April 8, 2013 is now being taken into consideration.
3 This rate of return is lower than the rate presented in the Fund Facts dated April 17, 2014 and in the MRFPs filed March 31, 2015 due to the fact that the return of the Class G units during the course of the year ending on December 31, 2012 is now being taken into consideration.
4 This rate of return is lower than the rate presented in the Fund Facts dated April 17, 2014 and in the MRFPs filed March 31, 2015 due to the fact that the return of the Class G units from January 1, 2013 to April 8, 2013 is now being taken into consideration.
5 The rate of return of the Class B units during the course of the year ending on December 31, 2012 were used to provide this rate of return.
6 This rate of return is higher than the rate presented in the Fund Fact dated April 17, 2014 and in the MRFPs filed March 31, 2015 due to the fact that the return of the Class B units from January 1, 2013 to April 8, 2013 is now being taken into consideration.
7 This rate of return is lower than the rate presented in the Fund Facts dated April 17, 2014 and in the MRFPs filed March 31, 2015 due to the fact that the return of the Class G units during the course of the year ending on December 31, 2012 is now being taken into consideration.
8 This rate of return is lower than the rate presented in the Fund Facts dated April 17, 2014 and in the MRFPs filed March 31, 2015 due to the fact that the return of the Class G units from January 1, 2013 to April 8, 2013 is now being taken into consideration.
9 The rate of return of the Class B units during the course of the year ending on December 31, 2012 were used to provide this rate of return.
10 This rate of return is higher than the rate presented in the Fund Fact dated April 17, 2014 and in the MRFPs filed March 31, 2015 due to the fact that the return of the Class B units from January 1, 2013 to April 8, 2013 is now being taken into consideration.
11 This rate of return is lower than the rate presented in the Fund Facts dated April 17, 2014 and in the MRFPs filed March 31, 2015 due to the fact that the return of the Class G units during the course of the year ending on December 31, 2012 is now being taken into consideration.
12 This rate of return is lower than the rate presented in the Fund Facts dated April 17, 2014 and in the MRFPs filed March 31, 2015 due to the fact that the return of the Class G units from January 1, 2013 to April 8, 2013 is now being taken into consideration.
13 This rate of return for the year 2011 should not be presented as this Class of units was offered by prospectus during only a portion of the financial year ending on December 31, 2011. The MRFPs have thus been amended to reflect this fact.
14 This rate of return for the year 2012 should not be presented as this Class of units was offered by prospectus during only a portion of the financial year ending on December 31, 2012. The MRFPs have thus been amended to reflect this fact.
SOURCE Landry Investment Management Inc.
Mr. Jean-Luc Landry, Chairman and Chief Executive Officer, Landry Investment Management Inc., [email protected]; Mrs. Colette E. Bournival, Chief Compliance Officer, [email protected], 514-985-1138
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